Carpet Installer Commercial Insurance
A carpet installer’s primary job is to make the customer happy efficiently and effectively. This is accomplished by installing their new carpeting well, in the least amount of time that is necessary, and with the minimum of mess and disturbance. The nature of this business puts you at a greater risk of having accidents happen. Protect your carpet installer company by carrying the right types of business insurance.
General Liability For Carpet Installers
General liability is an important broad level of insurance that all carpet installers should have for their base coverage. It protects your company from financial hardships that can be caused by a wide variety of potential risks and hazards. General liability protects you if a customer is injured in, or because of your business and it protects you when customers file lawsuits and make other legal claims against your company. General liability grows with your company as well. You don’t have to add new business locations or services to the policy because they are protected automatically when you create or acquire them. General liability insurance protects your company in a variety of ways, including:
General Liability Insurance Includes:
- Premises Liability – Premises liability is a section of your general liability insurance that protects your carpet installers company from suffering severe financial losses when accidents happen. This is particularly important because it protects your company’s primary business location as well as at each job site location you may be working on. If a customer injures themselves because they trip on a carpet stretching tool for example, they may sue your company. Premises liability insurance pays for the medical bills that result from those injuries. It also pays for the cost of repairs to personal property that is damaged at your business location.
- Products Liability – If you sell carpeting and carpet related products to your customers, they may hold you legally responsible if problems arise from those products. When defective products cause bodily injuries or property damages to your customers, they may sue your carpet installation company for selling them. Products liability insurance pays for the injuries or damages that arise. It also pays for your legal defense fees and related settlements, judgments or awards.
- Completed Operations – After you have finished installing carpeting for your customers, they may sue your company for injuries or property damages. The completed operations coverage section of your general liability insurance helps protect you from these suits. It pays for your legal expenses and damages or settlements if applicable.
Business Owners Policy For Carpet Installers
As a carpet installer you can get general liability insurance automatically as part of another important type of business insurance referred to as a BOP. A BOP, or business owners insurance policy, is specifically designed to help small businesses protect their tangible and intangible business assets. A business owners policy can be tailored and customized so that it only provides the specific types of coverage you need. Examples include:
- Buildings and Contents
- Business Income and Extra Expense
- Electronic Data
- Newly Acquired or Constructed Buildings
- Employee Dishonesty Coverage
Business Auto Insurance For Carpet Installer
As a carpet installer, you frequently drive for business purposes. With an increase in driving, your company is at an increased risk of you or one of your employees having an auto accident. A business auto insurance policy is meant to protect you from having to suffer the financial losses that are often caused by auto accidents. It pays for medical bills when an accident causes bodily injuries for example, and pays repair bills for property damages. You can add options that also help protect you from losses caused by uninsured motorists, fire, theft and other potential auto related risks.
Workers Comp Policy For Carpet Installers
Workers comp insurance pays for your employee’s expenses if they are injured while performing their job duties. It pays for emergency care, ongoing doctor’s visits, prescription medications and rehabilitation among other things.
Commercial Umbrella Coverage For Carpet Installers
Commercial umbrella insurance for carpet installers provides additional protection above and beyond the maximum limits of your standard business insurance policies.